Mongolia Economy - 1986

GEOGRAPHICAL NAMES 

CDP: $1.20 billion (1976 est.); average annual real growth, 1.6% (1970-77)

Natural resources, coal, copper, molybdenum, tungsten, phosphates, tin, nickel, zinc, wolfram, fluorspar, gold

Agriculture: livestock raising predominates; main crops—wheat, oats, barley

Major industries: processing of anima) products; building materials; mining

Electric pou er. 645.000 kW capacity (1985); 2.2 billion kWh produced (1985), 1,150 kWh per capita

Exports: livestock, animal products, wool, hides, fluorspar, nonferrous metals, minerals

Imports: machinery and equipment, petroleum, clothing, building materials, sugar, tea, chemicals

Major trade partners: nearly all trade with Communist countries (approx. 80% with USSR); total turnover about $1.0 billion (1977)

Aid: heavily dependent on USSR

Monetary conversion rate: 3.3555 tugriks= US$1 (February 1984)

Fiscal year: calendar year

NOTE: The information regarding Mongolia on this page is re-published from the 1986 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Mongolia 1986 information contained here. All suggestions for corrections of any errors about Mongolia 1986 should be addressed to the CIA or the source cited on each page.